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thank you, susan. >>> ben bernanke also had big news for investors. the feds taking unprecedented action in keeping interest rates at their record-low levels. erica ferrari is here in new york with that. erica, good morning to you. >> good morning, terrell. for the first time ever, the fed said they would link its actions to specific economic milestones. they said they'll keep the interest rate to 0% until the unemployment rate falls to below 6.5%. the jobless rate may not reach that point until 2015. it's at 7.7% now. rates will also stay low as long as inflation remains below 2.5%. the fed will continue its program of spending $85 billion a month on bond purchases. all of these steps are aimed at spurring borrowing and lending. and news from the federallied most asian markets. tokyo's nikkei added 1.5%. hong kong's hang seng lost a quarter percent. the dow lost nearly 3 points. the nasdaq was down 8. and the u.s. is on track to run up its fifth straight deficit or manufacture than a trillion dollars. the treasury department says the budget gap rose
thank you, susan. >>> ben bernanke also had big news for investors. the feds taking unprecedented action in keeping interest rates at their record-low levels. erica ferrari is here in new york with that. erica, good morning to you. >> good morning, terrell. for the first time ever, the fed said they would link its actions to specific economic milestones. they said they'll keep the interest rate to 0% until the unemployment rate falls to below 6.5%. the jobless rate may not reach...
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today is the day after ben bernanke unveiled big new money printing program. it is also his 59th birthday, no impact on the market obviously. yum! brands up slightly today. this is the company behind taco bell and kfc. goldman sachs upgrading the stock, says its recent problems in china, only temporary. at this price $68 a share. 68 they say heading higher. goldman is downgrading darden restaurants. t it says -- it says the turnaround at olive guaarden is slow. it is down. boston beer makes sam adams beer, it expects to make more money next year, simple reason it is selling more beer. the stock hit all-time high today. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. stuart: the federal reserve is going to start tying interest rates to
today is the day after ben bernanke unveiled big new money printing program. it is also his 59th birthday, no impact on the market obviously. yum! brands up slightly today. this is the company behind taco bell and kfc. goldman sachs upgrading the stock, says its recent problems in china, only temporary. at this price $68 a share. 68 they say heading higher. goldman is downgrading darden restaurants. t it says -- it says the turnaround at olive guaarden is slow. it is down. boston beer makes sam...
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fed chairman ben bernanke has announced rates will remain ultralow until the jobless rate drops below 6.5%. something that he says might not happen for at least three more years. >>> and the owners of more than 800,000 honda vehicles are going to be getting recall notices soon because their vans or suvs could roll away, even with the key removed. the recall covers the honda odyssey and pilot and the acura mdx, with various model years, from 2003 to 2006. now, the ignition defect could let drivers pull the key out with the vehicles still in gear. and off it rolls. >> scary thought. >>> if blaring commercials drive you crazy while you're watching tv, get ready for some relief starting today. a new volume control law aimed at ear-splitting ads, takes effect today. the c.a.l.m. act, c.a.l.m. standing for commercial advertisement loudness mitigation, requires ads to be within two decibels of the program. >> what does c.a.l.m. stand for again? >> i don't remember. >> can you keep it down? >>> and it's a red-letter day for iphone users who can't stand the apple map app, say that three times
fed chairman ben bernanke has announced rates will remain ultralow until the jobless rate drops below 6.5%. something that he says might not happen for at least three more years. >>> and the owners of more than 800,000 honda vehicles are going to be getting recall notices soon because their vans or suvs could roll away, even with the key removed. the recall covers the honda odyssey and pilot and the acura mdx, with various model years, from 2003 to 2006. now, the ignition defect could...
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and ben bernanke said household confidence is starting to wane. businesses aren't spending money because of the fiscal cliff. so it's so elusive. it's almost right there. next year could be a good year if we can get some of these uncertainties settled. >> thank you so much, christine. appreciate it. >>> 26 minutes past the hour. >>> without it, a lot of iphone users were lost without it. literally. the app that just made a big comeback. switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. he opened up jake's very private world. at first, jake's family thought they saved ziggy, but his connection with jake has been a lifesaver. f
and ben bernanke said household confidence is starting to wane. businesses aren't spending money because of the fiscal cliff. so it's so elusive. it's almost right there. next year could be a good year if we can get some of these uncertainties settled. >> thank you so much, christine. appreciate it. >>> 26 minutes past the hour. >>> without it, a lot of iphone users were lost without it. literally. the app that just made a big comeback. switchgrass in argentina, change...
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they are waiting for ben bernanke and the federal reserve to see what they plan to do to help the economy move along and what he says, cushion the fall from the fiscal cliff and we will follow that on our noon news. >> we will go ahead and smile and say good morning, it is wednesday december 12th, i am dave clark. >>> a gunman is dead after shooting into a crowd at an oregon mall. sheriff's deputies say he killed two people before turning the gun on himself. joining us from portland where it all happened, good morning, dan. >> reporter: yes, good morning, pam and dave, what a horrible scene this was yesterday. 3:30 in the afternoon, exactly two weeks before christmas, this mall was teeming with shoppers and as many as 10,000 people were inside at the time when shots started ringing out. we understand from eyewitnesses a gunman walked through the macy's store of this maul and then -- mall and then walked to the food court and then fired shots and 5 to 18 more as he shot indiscriminately down the mall area here. we understand two people were killed, a third person was shot, she was wounded,
they are waiting for ben bernanke and the federal reserve to see what they plan to do to help the economy move along and what he says, cushion the fall from the fiscal cliff and we will follow that on our noon news. >> we will go ahead and smile and say good morning, it is wednesday december 12th, i am dave clark. >>> a gunman is dead after shooting into a crowd at an oregon mall. sheriff's deputies say he killed two people before turning the gun on himself. joining us from...
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it's ben bernanke's birthday. happy birthday, ben. "squawk box" begins right now. >>> good morning and welcome back to south carolina here on cnbc. i'm andrew ross sorkin along with joe kernen. becky is off today. dino kosof, he's going to have a lot to talk about when it comes to what mr. bernanke just said. later in the program, we'll talk to pimco's kneneal ashkari. >>> a surprise from ben bernanke, linking unemployment to monetary policy. rates will be staying where they are right now, which is close to zero, of course. until at the very least the jobless rate falls to 6.5%. we can only cross our fingers wherefore when that might be. ben bernanke says these changes will make the central bank more transparent adding they can only help the markets. the central bank ramped up its asset purchase program adding $40 billion to its $40 billion a month purchases of mortgage-backed bonds. he spoke about the objectives during wednesday's news conference. >> the asset purchases and the rate increases have different objectives. the asset purc
it's ben bernanke's birthday. happy birthday, ben. "squawk box" begins right now. >>> good morning and welcome back to south carolina here on cnbc. i'm andrew ross sorkin along with joe kernen. becky is off today. dino kosof, he's going to have a lot to talk about when it comes to what mr. bernanke just said. later in the program, we'll talk to pimco's kneneal ashkari. >>> a surprise from ben bernanke, linking unemployment to monetary policy. rates will be staying...
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ben bernanke celebrating his 59th birthday today. we want to know, what do you think bernanke will be wishing for when he blows out his birthday candles which, of course, is what you do if you're on the board of the fomc? tweet us, @squawkstreet. we'll read some of your answers next. sors. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. [ male announcer ] break from the holiday stress. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you
ben bernanke celebrating his 59th birthday today. we want to know, what do you think bernanke will be wishing for when he blows out his birthday candles which, of course, is what you do if you're on the board of the fomc? tweet us, @squawkstreet. we'll read some of your answers next. sors. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick...
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the euro bounces on the news but stocks in europe are trading lower as ben bernanke warns monetary policy may not be enough to offset the damage if the u.s. economy goes over the fiscal cliff. >>> and the fed takes the new and surprising step in its ongoing efforts to boost the economy, tying interest rates directly to the u.s. unemployment rate. >>> plus, investors cheering the plan to save danone's plans to offset losses over the next two years. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> welcome to the program. coming up on today's show, we'll be plenty busy. we head out to tokyo where carry enjoji has been talking about the upcoming elections. then, we hone in on central london where one pilot project is living roof and major buildings. find out what green living can do go r to improve the area. >>> and today, the 1 billionth international tourist will reportedly arrive at a destination in the world. at 11:20 central time, we'll speak to the world travel council to find out why france is still the world's top destination bu
the euro bounces on the news but stocks in europe are trading lower as ben bernanke warns monetary policy may not be enough to offset the damage if the u.s. economy goes over the fiscal cliff. >>> and the fed takes the new and surprising step in its ongoing efforts to boost the economy, tying interest rates directly to the u.s. unemployment rate. >>> plus, investors cheering the plan to save danone's plans to offset losses over the next two years. >> announcer: you're...
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ben bernanke will feel it's his job to do whatever he can. that's the nature of the team, that's the nature of what they've been doing. are there any extra goodies that they might think of in your view? >> the extra goody they're talking about i would describe as operation twist. what they have been doing is driving down long-term rates, by essentially settling short-term treasuries and buying long-term treasuries. the possibility that steve just described, and it is a possibility, is that because they're running out of the short term, they will only buy the long term. that will certainly be an expansion. but the question is, will that expansion add a lot to the -- >> let me ask you about that. on a scale of 1 to 10, how powerful a tool is that? if they announce it today, mark? >> it has a significant psychological effect. but it's only psychological. it will be a long time before that would have any fundamental effect on the underlying economy. >> you know, mark, let me rather than going immediately to john on this question, let me ask you w
ben bernanke will feel it's his job to do whatever he can. that's the nature of the team, that's the nature of what they've been doing. are there any extra goodies that they might think of in your view? >> the extra goody they're talking about i would describe as operation twist. what they have been doing is driving down long-term rates, by essentially settling short-term treasuries and buying long-term treasuries. the possibility that steve just described, and it is a possibility, is...
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ategyhairman ben bernanke said the employment target is a better signal to investors and the public of just how long interest rates will stay low. >> a strategy that we believe ill help support household and business confidence and spending. >> reporter: to control interest rates, the fed plans to buy $85 eellion worth of bonds every ownth, $45 billion in treasury bills, $40 billion worth of hinggage bonds. the mortgage buying program has already driven rates to historic lows and driven up mortgage applications by 10%. but bernanke says the economy afeds more confidence now because of the uncertain fiscal cliff negotiations in unshington. and the harm from the fiscal cliff won't just happen in the enedre. bernanke said that's happening now. >> it's already affecting absiness investment and hiring decisions by creating uncertainty, or creating r:ssimism. ai saw what happened recently to consumer sentiment, which fell, tesumably in part because of concerns about the fiscal cliff. t reporter: the other main concern for the fed is inflation. but, scott, there's good news here. despite the
ategyhairman ben bernanke said the employment target is a better signal to investors and the public of just how long interest rates will stay low. >> a strategy that we believe ill help support household and business confidence and spending. >> reporter: to control interest rates, the fed plans to buy $85 eellion worth of bonds every ownth, $45 billion in treasury bills, $40 billion worth of hinggage bonds. the mortgage buying program has already driven rates to historic lows and...
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. >> the fed chair ben bernanke says just the threat of a "fiscal cliff" is already creating uncertainty in the economy. and that is not good for the stock market. >>> "fiscal cliff" negotiations though are throwing a wrench into year end tax planning, as well. >> but there are plenty of actions to take starting with changes of tax laws that expire at the and of the year. jill schlesinger, editor at large for cbsmoneywatch.com joins us now with information on tax laws that expire at the end of the year. >> good morning. >> first start with people trying to reduce their mortgage debt. >> reporter: this is really interesting because homeowners who have restructured their mortgage debt since the housing crash have enjoyed a big benefit. no tax on the amount of debt that was reduced or forgiven. if we go back before the recession if a lender agreed to reduce principal or release you from a mortgage obligation, it was considered income. starting next year any debt discharge will be considered income and you're going to owe taxes on whatever was owed on the forgiven amount so here's your year
. >> the fed chair ben bernanke says just the threat of a "fiscal cliff" is already creating uncertainty in the economy. and that is not good for the stock market. >>> "fiscal cliff" negotiations though are throwing a wrench into year end tax planning, as well. >> but there are plenty of actions to take starting with changes of tax laws that expire at the and of the year. jill schlesinger, editor at large for cbsmoneywatch.com joins us now with...
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and bern bueno ben bernanke hasn transparent and telling people well in advance what he is going to do. the $85 billion should continue building up for our taxpayers balance sheet. >> susie: how does all of this play out in the markets. all of the bond buying, companies are still holding off from hiring and spending, and now the risk, possibly of a recession. how does it play out in the markets for 2013? >> what has happened, with all of this cash going into the market -- into the economy, not only from the u.s. fed, but from europe, from the central bank there, as well as from china, don't forget, so we've had this liquidity which has taken asset prices with the stock market and the bond markets, pricing it way up, it is actually helping housing after a long wait. moving into the future, there will be some reduction in really the fear that people have. it is not only a lack of confidence, but it is a fear of things going wrong. as we get day to day, i think the fed has been the only place in town to inject some optimism or feeling somewhat better in the general public, as well as in b
and bern bueno ben bernanke hasn transparent and telling people well in advance what he is going to do. the $85 billion should continue building up for our taxpayers balance sheet. >> susie: how does all of this play out in the markets. all of the bond buying, companies are still holding off from hiring and spending, and now the risk, possibly of a recession. how does it play out in the markets for 2013? >> what has happened, with all of this cash going into the market -- into the...
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ben bernanke says the fed doesn't have enough tools to offset the fiscal cliff. the fed will keep interest rates near zero until the jobless rate falls to 6.5% or inflation rate to 2.5%. and growth next year 2.3% to 3% and jobless rate likely to say in the 7.4 to 7.7% range. unemployment checks will end by the end of the year if congress fails to fix the fiscal cliff. it's unclear the fate of the benefits in the fiscal cliff fight, something that terrifies people like alisia worthen. you've been looking for a job for more than six months. are you more optimistic or less optimistic? >> i believe it's going to turn around. it will probably take a little time but i believe it will. >> you need the government to help now until that happens? >> yes, i definitely do. i have a household to run, still have rent and bills to pay and i need help. i need help. >> millions of people like alecia. she still needs an unemployment check, unclear of the fate of jobless benefits and extension of those in the faiscal cliff fight. conservatives say it's time to end it. >> she has a
ben bernanke says the fed doesn't have enough tools to offset the fiscal cliff. the fed will keep interest rates near zero until the jobless rate falls to 6.5% or inflation rate to 2.5%. and growth next year 2.3% to 3% and jobless rate likely to say in the 7.4 to 7.7% range. unemployment checks will end by the end of the year if congress fails to fix the fiscal cliff. it's unclear the fate of the benefits in the fiscal cliff fight, something that terrifies people like alisia worthen. you've...
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bernanke wall street they all they all want to piece of scala johanson slow. now to be clear here what hollywood accounting is and i used to work in hollywood so i know this is these big entertainment conglomerates basically for example the music music industry used to make money but they would hide all the profits in the losing sector or vice versa so wherever you wherever you were making profits you could make them disappear somewhere else so no movies ever make profits as well because they convince young ingenues to come out there or well known actors to participate in the film and what they do is they give them back and points they say will pay you in the profits and of course the films don't make profits because they make sure that it all goes to their expenses right it's accounting from you know booking some of the games early for games executives in the short term losses are amortize it to over insanity you know as it's all of this the worst excesses of accounting fraud but this is the model that's been picked up by corporations around the world general
bernanke wall street they all they all want to piece of scala johanson slow. now to be clear here what hollywood accounting is and i used to work in hollywood so i know this is these big entertainment conglomerates basically for example the music music industry used to make money but they would hide all the profits in the losing sector or vice versa so wherever you wherever you were making profits you could make them disappear somewhere else so no movies ever make profits as well because they...
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that will be ben bernanke speaking today at 12:30. and that's the reason the stock futures are higher now. >> i guess yahoo got a bit of a makeover, too. >> reporter: it unveiled new versions of its free email service as it tries to regain some of the ground it los togmail. heand they have new apps. it's the first major product revamp that we have seen at yahoo since marisa mayer took over as the new ceo five months ago. trying to compete with google. that's a tough competitor. see how it goes. >> they're a monsta. >> hour speaker of the house. >> ashley morrison of cbsmoneywatch.com, thank you. >>> you can catch a ride to los angeles from san francisco and it all starts today for a buck. it's part of a promotion from a newest coast service called megabus. double-decker buses will provide trips down to los angeles. there is the bus right there. a live look. and they go to reno, too. the dollar fare by the way is only good for this week. it will go up but looks like you're riding in comfort down to l.a. and a lot of folks taking advant
that will be ben bernanke speaking today at 12:30. and that's the reason the stock futures are higher now. >> i guess yahoo got a bit of a makeover, too. >> reporter: it unveiled new versions of its free email service as it tries to regain some of the ground it los togmail. heand they have new apps. it's the first major product revamp that we have seen at yahoo since marisa mayer took over as the new ceo five months ago. trying to compete with google. that's a tough competitor. see...
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we have this week, ben bernanke and the fed will meet at a two-day fed meeting. a lot of people are hoping to hear from the federal reserve chief that there will be some kind of on going stimulus in the form of, you know, bond buybacks or something. we'll be looking to see what he has to say about the economy. this is another big uncertainty in the markets for the week. you know, this comes after consumer spending showing as "the wall street journal" set this morning, consumer spending, consumer confidence wabbling. this is europe concerns. we're seeing that consumer heading into the end of the year is starting to get a little more nervous about where we're headed here. now fiscal cliffs and payroll, fiscal cliff has a lot to do with this. the american payroll association this is the trade group for all of the small business who's are doing payrolls, you know, paying you. they say the fiscal cliff really isn't january 1st. their fiscal cliff is december 14th. that's the time they need to have the software changed to make sure the tax changes go into the paycheck.
we have this week, ben bernanke and the fed will meet at a two-day fed meeting. a lot of people are hoping to hear from the federal reserve chief that there will be some kind of on going stimulus in the form of, you know, bond buybacks or something. we'll be looking to see what he has to say about the economy. this is another big uncertainty in the markets for the week. you know, this comes after consumer spending showing as "the wall street journal" set this morning, consumer...
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ben bernanke's news conference starts at 12:15 p.m. eastern time. steve joins us in a few minutes with the preview from washington. >>> another story with big implications is michigan's decision to become a righ"right work" state. it would bar members from requiring to pay member dues. the governor signed the law. >> shouldn't unions be putting out the proposition workers want to join a union and shouldn't workers be able to make a choice their dollars are going to that union based on whether they're getting results that. 's what this is doing. that's why i view this as pro worker, not anti-union. >> it is viewed as a big blow to organized union that has seen membership decline across the country. dow opened higher by 56, nasdaq by 13 and s&p by a little more than 7, a gain half a percent across the board. in asia, higher across the board, not a lot. hang seng did well, higher by 181 points. europe still open at this hour, higher across the board. a gain for germany and quarter percent for the ftse, fairly flat where decide iing he will longer be a
ben bernanke's news conference starts at 12:15 p.m. eastern time. steve joins us in a few minutes with the preview from washington. >>> another story with big implications is michigan's decision to become a righ"right work" state. it would bar members from requiring to pay member dues. the governor signed the law. >> shouldn't unions be putting out the proposition workers want to join a union and shouldn't workers be able to make a choice their dollars are going to that...
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ben bernanke, chairman of the fed saying hey guys, you got -- he's the one who came up with the term fiscal cliff. >> did he. >> bill: warning to members of congress. here he is yesterday. >> even though we've not yet even reached the point of the fiscal cliff potentially kicking in it is already affecting business investment and hiring decisions by creating uncertainty or creating pessimism. >> bill: front page of "the hill" today, cliff is already inflicting damage. it is because people don't know what the hell's going to happen. >> it will be interesting to see what ben bernanke says behind closed doors and the cursing he does at congress. he has to be rolling his eyes that we're at this point and at least publicly, we're nowhere. the clock is ticking and he was saying once again listen, don't minimize this. as president obama said, this is avoidable. they can do this. but if they don't do it and you go over the cliff then who knows what happens and then maybe it is irreversible, some of the damage. >> bill: barbara is on the line from columbus, new jersey. hey, barbara, good morn
ben bernanke, chairman of the fed saying hey guys, you got -- he's the one who came up with the term fiscal cliff. >> did he. >> bill: warning to members of congress. here he is yesterday. >> even though we've not yet even reached the point of the fiscal cliff potentially kicking in it is already affecting business investment and hiring decisions by creating uncertainty or creating pessimism. >> bill: front page of "the hill" today, cliff is already inflicting...
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fed reserve chairman ben bernanke says u.s. unemployment, a huge problem, huge waste of potential -- human potential, he said. bernanke says the fed will replace operation twist with a new $45 billion asset buying program. overall, the fed is committing to buy $85 billion worth of securities a month. the program seeks to keep downward pressure on interest rates to spur the economy. >>> now back to the fiscal cliff. 20 days, count them with me, 20 days out from higher taxes and punishing government spending cuts if there is no deal in washington to craft a softer landing. with me now from los angeles, economist, author, ben stein. ben stein, good to see you, sir. you know, look, despite all we're hearing and seeing out of washington, we can at least discern some movement on this issue of taxes. let me just take you back, house speaker john boehner, his first position was no new taxes. president obama was asking for new taxes totalling $1.6 trillion. after the election speaker of the house ponied up an offer of $800 billion, exac
fed reserve chairman ben bernanke says u.s. unemployment, a huge problem, huge waste of potential -- human potential, he said. bernanke says the fed will replace operation twist with a new $45 billion asset buying program. overall, the fed is committing to buy $85 billion worth of securities a month. the program seeks to keep downward pressure on interest rates to spur the economy. >>> now back to the fiscal cliff. 20 days, count them with me, 20 days out from higher taxes and...
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the chairman ben bernanke says concern over the fiscal cliff has prompted him to keep the federal funds rate low. he states the central bank believes the crisis will be resolved without any major long-term harm. we will check on the market and get today's winners and losers on wall street from our financial experts rob black tonight at 545. the fiscal cliff is not the only concern in washington today. north korea has carried out the wants of what it claims is a peaceful scientific satellite. the u.s. and other countries say it was really a cover for testing ballistic missile technology. >> the effective date will launch this missile is clear provocation and. they have been warned not to do it. we are very concerned about them firing dismissal. they are violating an international standard rule. it is clear that one of the reasons we are rebalancing is the dealing with the threat from north korea. we are prepared to do that. we will respond if we have to. >> the launch came as a surprise to the international community after north korea and the launch would be delayed. previous attempts in
the chairman ben bernanke says concern over the fiscal cliff has prompted him to keep the federal funds rate low. he states the central bank believes the crisis will be resolved without any major long-term harm. we will check on the market and get today's winners and losers on wall street from our financial experts rob black tonight at 545. the fiscal cliff is not the only concern in washington today. north korea has carried out the wants of what it claims is a peaceful scientific satellite....
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that's when we find out if ben bernanke is going to keep on printing a ton of money. until then, dead flat for the market. the dow right now is up 9. the fed will make the announcement at 12:15 eastern. eli lilly launching a new trial in its alzheimer's drug. didn't work in two previous attempts. give it one more chance. the stock is down. berkshire hathaway buys back at $131 a share, that's a buyback. caterpillar latest company to move up its dividend payment, pay out on new year's eve instead of next year because of the big tax increase that could be coming next year. says the move is in the best interest of its shareholders. it sure is. we are back in 90 seconds with the gas buddy. gas prices falling steadily, under 3 bucks a gallon in some places. to generate income? th fidelity's neoptions platform, we've completely integrated every step of the process, making it sier to try filters and strategies... to get a list of equity option.. evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped crea
that's when we find out if ben bernanke is going to keep on printing a ton of money. until then, dead flat for the market. the dow right now is up 9. the fed will make the announcement at 12:15 eastern. eli lilly launching a new trial in its alzheimer's drug. didn't work in two previous attempts. give it one more chance. the stock is down. berkshire hathaway buys back at $131 a share, that's a buyback. caterpillar latest company to move up its dividend payment, pay out on new year's eve instead...
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Dec 5, 2012
12/12
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bill gates, pope benedict, ben bernanke, saudi king. more on how the list was assembled and other details, forbes media ceo, mike, thanks for being with us. >> this is important to us because nothing personifies what we do at forbes like our power list. we're about success and the impact of people who achieve success have. we have ten editors who get together. we draw on a huge bank -- >> they always agree on everything. don't they? >> exactly. there is some subjectivity, i must admit. they talk about the number of people that someone influences. the amount of financial resources that they have. how many spheres they operate in, are they just financial or are tle political or philanthropic. the fourth criteria is do they act on their power, do they use their power. and if you look at -- >> that's the reason why bill gates would rank so high here is how he has used some of his financial power in the philanthropic sphere. it was interesting to me, "forbes" magazine, leading business magazine, most storied one maybe of all -- >> i have no
bill gates, pope benedict, ben bernanke, saudi king. more on how the list was assembled and other details, forbes media ceo, mike, thanks for being with us. >> this is important to us because nothing personifies what we do at forbes like our power list. we're about success and the impact of people who achieve success have. we have ten editors who get together. we draw on a huge bank -- >> they always agree on everything. don't they? >> exactly. there is some subjectivity, i...
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Dec 6, 2012
12/12
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CURRENT
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russian's vladimir putin number three then it is some nonpoliticians, pope benedict and ben bernanke are in the top ten. michael bloomberg and the ceo of walmart are in the top 20. >> bill: did we get an answer on our tweets? >> i'll have o to see. he didn't answer our tweet. i don't know if he's tweeted anything yet. i'll look him up. >> the grammy nominations were announced last night. album of the year nominees include el camino by the black keys, some nights by fun mumford and sons, channel orange by frank ocean and blunder bust by jack white. song of the year nominees include carly rae jepsen, kelly clarkson miguel and fun. grammys coming out in february. >> i'm glad i'm not a judge of the grammys. if i had to choose between -- >> the list that you just gave -- song of the year -- they won't be around in a couple of years. they just won't. >> kelly clarkson will be around. >> kelly clarkson, you're right. >> she's been around for ten years. she's been very successful. >> bill: i would give it to dave brubeck. >> that would be good. >> bill: he died yesterday. take five. that's a
russian's vladimir putin number three then it is some nonpoliticians, pope benedict and ben bernanke are in the top ten. michael bloomberg and the ceo of walmart are in the top 20. >> bill: did we get an answer on our tweets? >> i'll have o to see. he didn't answer our tweet. i don't know if he's tweeted anything yet. i'll look him up. >> the grammy nominations were announced last night. album of the year nominees include el camino by the black keys, some nights by fun mumford...
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Dec 12, 2012
12/12
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speaking of the fiscal cliff, jessica, what did the fed chairman ben bernanke say about these current negotiations? >> well, bernanke is the man credited with coining the term fiscal cliff. he did it back in february as part of testimony before congress. bernanke was speaking at a press conference today and he was asked two things. one, does he see impacts from the fiscal cliff, the lack of a deal, is it already rippling through the economy in? he said, yes. that's why you're seeing a fall in consumer confidence and less business activity and he said that it's impair tea that the congress comes to a deal with the white house and he was asked, do you think that term is correct a. fiscal cliff? is it a slope, maybe? he said, no, it's a fiscal can cliff because the economy will hit a brick wall if there is not a deal in january. he says it is not hype. >> he's basically saying if we go over the fiscal cliff, if these lawmakers and white house doesn't make a deal, it could lead to a recession? >> that >> reporter: that's right. we could hit another recession if we go over the fiscal cliff
speaking of the fiscal cliff, jessica, what did the fed chairman ben bernanke say about these current negotiations? >> well, bernanke is the man credited with coining the term fiscal cliff. he did it back in february as part of testimony before congress. bernanke was speaking at a press conference today and he was asked two things. one, does he see impacts from the fiscal cliff, the lack of a deal, is it already rippling through the economy in? he said, yes. that's why you're seeing a...
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Dec 13, 2012
12/12
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FOXNEWSW
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ben bernanke said yesterday that the fact that we don't know what's going to happen with this fiscal cliff is affecting the economy. he says it's inflicting damage on the economy, consumer confidence is falling and the failure to come up with a deal will really kill the progress we're making. >> gretchen: the whole thing really comes down to whether or not it's a tax problem or a spending problem. so these are the questions that were asked in a recent fox news poll. keep in mind, this is not just to fox viewers. this is to the average american who happens to pick up the phone. what is the best way to deal with the country's budget problem? mostly spending cuts, 57% say yes. mostly tax increases. only 20% say that is what should be done. both? 18% -- i think this is fascinating, because the message really coming up to the election was all about we need to tax the rich more. we need to pay the fair share, the 1%, the 99%. it really doesn't fall into place with how the election ended up falling out. >> brian: there might be a plan b in the works because it's so frustrating because the p
ben bernanke said yesterday that the fact that we don't know what's going to happen with this fiscal cliff is affecting the economy. he says it's inflicting damage on the economy, consumer confidence is falling and the failure to come up with a deal will really kill the progress we're making. >> gretchen: the whole thing really comes down to whether or not it's a tax problem or a spending problem. so these are the questions that were asked in a recent fox news poll. keep in mind, this is...
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Dec 12, 2012
12/12
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ben bernanke will announce results of the meeting before noon today. he's expected to announce the federal reserve will start a new round of bond buying as it tries to support the tragic economic recovery. bernanke says it is not enough to keep the economy from going over the fiscal cliff but it could help cushion the fall. >>> 8:47. let's bring you up to date on some of the other top stories we're following for you right now -- look at this. a san jose man was arrested after his truck slammed into an apartment building early this morning and children were sleeping inside. luckily nobody was seriously hurt. the building was severely damaged. the 21-year-old was arrested on suspicion of drunk driving. >>> and the united states will be pushing for a united nations security council resolution condemning north korea for lunching that rocket. the u.s. believes north korea uses rocket line of -- launches like that to test its long- range missil technology. >>> and house speaker john boehner this morning said he and president obama are still far apart in the
ben bernanke will announce results of the meeting before noon today. he's expected to announce the federal reserve will start a new round of bond buying as it tries to support the tragic economic recovery. bernanke says it is not enough to keep the economy from going over the fiscal cliff but it could help cushion the fall. >>> 8:47. let's bring you up to date on some of the other top stories we're following for you right now -- look at this. a san jose man was arrested after his truck...
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Dec 11, 2012
12/12
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CURRENT
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ben bernanke said that made him more angry than anything else the u.s. did to avoid the recession. we'll be right back. viewer for capella university. matter. education is the key. it is the vehicle. it's the way in which we evolve. every journey is different every possibility is unique. but the beginning, the beginning is my craft. i'm an ordinary person striving to achieve extraordinary things. it started with a dream and i'm on my way there. but when joint pain and stiffness from psoriatic arthritis hit even the smallest things became difficult. i finally understood what serious joint pain is like. i talked to my rheumatologist and he prescribed enbrel. enbrel can help relieve pain, stiffness, and stop joint damage. because enbrel, etanercept suppresses your immune system, it may lower your ability to fight infections. serious, sometimes fatal events including infections tuberculosis lymphoma, other cancers, and nervous system and blood disorders have occurred. before starting enbrel your doctor should test you for tuberculosis and discuss whether you've been to a region where c
ben bernanke said that made him more angry than anything else the u.s. did to avoid the recession. we'll be right back. viewer for capella university. matter. education is the key. it is the vehicle. it's the way in which we evolve. every journey is different every possibility is unique. but the beginning, the beginning is my craft. i'm an ordinary person striving to achieve extraordinary things. it started with a dream and i'm on my way there. but when joint pain and stiffness from psoriatic...
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Dec 11, 2012
12/12
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CNBC
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if you're ben bernanke, why would you throw a curveball at this hour. we'll see. that press conference, a little more than 24 hours from now. >> we're continuing e inine ini more on trip adviser. look at the cnbc realtime exchange. we did see the features point to a higher open. here at the big board, coca-col coca-cola -- [ bell ringing ] >> and ringing the bell there. trip adviser, interesting deal, because the pricing at which the shares were bought. >> you've got to remember, of course, you have a change in voting control. it had been controlled by barry diller, it will now be controlled by liberty media. they will own 22% of the economics of trib adviser, but 57% of the total votes of the company, effectively controlling the company. so any thoughts you might have as a shareholder in erms it of the future takeover premium in terms of changing control. well, for now, don't expect them to go to the price that john malone and liberty are paying here. that's quite a price, $62.52 a share. we'll see what their stock does. we anticipate it will move up. but nowhere
if you're ben bernanke, why would you throw a curveball at this hour. we'll see. that press conference, a little more than 24 hours from now. >> we're continuing e inine ini more on trip adviser. look at the cnbc realtime exchange. we did see the features point to a higher open. here at the big board, coca-col coca-cola -- [ bell ringing ] >> and ringing the bell there. trip adviser, interesting deal, because the pricing at which the shares were bought. >> you've got to...
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Dec 13, 2012
12/12
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KGO
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from federal reserve chairman ben bernanke. he told people that investors are nervous about the fiscal cliff. the fed predicts the unemployment rate will remain high next year, but interest rates will remain very low for the foreseeable future. >> bernanke says the best thing congress can do to solve this political stalemate very soon to avoid an economic downturn with just 19 days until the fiscal cliff, now both sides in this standoff seem no closer to a deal. the public rhetoric, though, is ramping up, while the private talks seem to be at a standstill over the same tax hangups. >> the president and i had a frank conversation about how far apart we are. >> he has made abundantly clear both in his policy presentations and in what he has said to you and to the american public that he is willing to make tough choices on the spending side. >>> the overseas markets though, don't seem to be too concerned about the lack of progress. stocks actually are mostly up, in fact. >> there's all kinds of polls out there. we have an abc news
from federal reserve chairman ben bernanke. he told people that investors are nervous about the fiscal cliff. the fed predicts the unemployment rate will remain high next year, but interest rates will remain very low for the foreseeable future. >> bernanke says the best thing congress can do to solve this political stalemate very soon to avoid an economic downturn with just 19 days until the fiscal cliff, now both sides in this standoff seem no closer to a deal. the public rhetoric,...
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Dec 12, 2012
12/12
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CSPAN
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federal reserve chairman ben bernanke admitted that the spending levels of this administration are unsustainable, just as president clinton declared years ago, the era of big government is over. this congress needs to man up and declare the era of taxing, spending and borrowing is over as well. now is the time for the president to provide leadership and level with the american people and set aside the campaign rhetoric of class warfare division and envy. small businesses cannot and should not be painted with the same broad brush as millionaires, billionaires and wall street executives. we must protect our small businesses and stop promoting the treatment of their income the same as the wealthy. at the same time, this administration needs to admit that raising taxes on small businesses will not help small businesses. we must prioritize our fiscal negotiations by putting spending reductions before addressing new receive news. mr. speaker -- revenues. mr. speaker, i came to washington to get something done. speaker boehner shows he understands the gravity of the situation and wants to find a soluti
federal reserve chairman ben bernanke admitted that the spending levels of this administration are unsustainable, just as president clinton declared years ago, the era of big government is over. this congress needs to man up and declare the era of taxing, spending and borrowing is over as well. now is the time for the president to provide leadership and level with the american people and set aside the campaign rhetoric of class warfare division and envy. small businesses cannot and should not...
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Dec 12, 2012
12/12
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fed chief ben bernanke speaks at 2:15 eastern. the s & p 500 up more than 13% so far this year, and now up since the election. >>> bank of america, merrill lynch predicts oil prices in this country will drop to $50 per barrel. the cause? difficulty in moving huge amounts of oil from the bakan oil fields in south dakota and in texas. they don't predict a corresponding drop in gas prices. world oil prices will stay high, and our gas prices will likely track that. >>> americans are upbeat about the economy. 43% of americans say they are optimistic about 2013 and believe the economy is rebounding, nearly twice as many as last year. >> can i ask? the other day, we were talking about the fiscal cliff. and you tell us it will be really, really bad. why does the market keep going up? >> everyone thinks they will fix it. in the market, the question, what will the top rate be for the highest earners. 37%? the market says there will be a deal and lower corporate tax rates. if there isn't a deal, after the first of the year, a big stock marke
fed chief ben bernanke speaks at 2:15 eastern. the s & p 500 up more than 13% so far this year, and now up since the election. >>> bank of america, merrill lynch predicts oil prices in this country will drop to $50 per barrel. the cause? difficulty in moving huge amounts of oil from the bakan oil fields in south dakota and in texas. they don't predict a corresponding drop in gas prices. world oil prices will stay high, and our gas prices will likely track that. >>>...